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JSE – ROY Profile’s Stock Exchange Handbook: 2020 – Issue 2
Royal Bafokeng Platinum Ltd. PER SHARE STATISTICS (cents per share)
EPS (ZARc) 26.30 78.10 - 390.60 87.60 - 1 589.20
ROY
HEPS-C (ZARc) 50.40 25.00 56.40 86.70 - 83.20
Pct chng p.a. 101.6 - 55.7 - 34.9 204.2 - 134.9
Tr 5yr av grwth % 16.1 3.3 27.8 27.2 - 16.2
NAV PS (ZARc) 7 782.03 7 859.38 5 549.21 5 817.98 5 713.58
3 Yr Beta 0.50 0.03 0.83 1.39 1.37
Price High 5 400 3 500 4 340 5 300 5 996
Price Low 2 452 1 500 2 650 2 235 2 261
Price Prd End 4 962 2 648 2 800 3 561 2 665
RATIOS
Ret on SH Fnd 0.40 1.69 - 4.55 1.77 - 26.01
ISIN: ZAE000149936 SHORT: RBPLAT CODE: RBP Ret On Tot Ass 1.93 1.99 2.47 2.12 0.58
ISIN: ZAE000243853 SHORT: RBP CONV CODE: RBPCB Oper Pft Mgn 9.09 8.54 8.92 7.20 - 1.31
REG NO: 2008/015696/06 FOUNDED: 2002 LISTED: 2010
D:E 0.56 0.64 0.40 0.28 0.28
Int Cover 1.29 n/a 7.73 n/a 56.74
NATURE OF BUSINESS:
2.02
1.96
2.75
5.32
The company is an independently operated and managed, Current Ratio NUMBER OF EMPLOYEES: 10 087 2.27
mid-tier PGM (Platinum Group Metal) producer whose DIRECTORS: Ledger P (ind ne), Lucht U (ne),
current mining operations and planned expansion prospects Matlala Z (ind ne), Moffett M (ind ne),
are based on the Bushveld Igneous Complex (the Bushveld Mokgosi-Mwantembe T (ind ne),
complex) in the North West province, South Africa, the Moodley A (ne), Phetwe O (ne),
largest source of PGMs in the world. RBPlat was formed to RogersMH(ind ne), SmithGL(ne),
Stephens L (ind ne),
exploit PGMs in the Merensky and UG2 Reefs on the BRPM, Moroka Adv K D (Chair, ind ne),
Styldrift and Frischgewaagd properties in the Rustenburg Phiri S D (CEO), Rossouw H (CFO)
area. The PGM resources on the Styldrift and Frischgewaagd Scan the QR code to POSTAL ADDRESS: PO Box 2283, Fourways,
farms have been identified as hosting the last undeveloped visit our website 2055
EMAIL: Lindiwe@bafokengplatinum.co.za
sub-outcrops of the Merensky Reef on the western limb of the WEBSITE: www.bafokengplatinum.co.za
Bushveld Complex. RBPlat produces approximately 401 TELEPHONE: 010-590-4510 FAX: 086-572-8047
thousand 4E ounces per annum and has a total resource base COMPANY SECRETARY: Lester Jooste (ACIS)
of 68.6 million 4E ounces. TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
The mining operations are Merensky biased with UG2 being SPONSOR: Merrill Lynch SA (Pty) Ltd.
mined on a replacement basis. The mining plan currently AUDITORS: PwC Inc.
focuses on the shallow Merensky Reef on the BRPM property, BANKERS: Nedbank Ltd.
and expansion to the Merensky Reef on the Styldrift property. CALENDAR Expected Status
UG2 is currently being mined on a supplemental basis at Annual General Meeting Apr 2020 Unconfirmed
BRPM, with the UG2 production increasing commensurately Next Interim Results 4 Aug 2020 Confirmed
with the depletion of the Merensky resource.
Thecompany’s brownfieldMerenskyexpansionprojectonthe Next Final Results Mar 2021 Unconfirmed
neighbouring Styldrift farm which is contiguous to BRPM is CAPITAL STRUCTURE AUTHORISED ISSUED
well advanced. Styldrift is a new mine development sunk to a RBP Ords 1c each 1 000 000 000 257 277 317
depth of 753 metres. Styldrift as well as the acquisition of the
Maseve concentrator has the potential to increase the LIQUIDITY: Apr20 Ave 1m shares p.w., R42.8m(22.3% p.a.)
Company’s production to approximately 410ktpm of milled PLAT 40 Week MA RBPLAT
ore, yielding approximately 320koz platinum-in-concentrate 11301
per annum.Capitalexpenditure ontheStyldriftprojecttodate
9376
(at 31 December 2019) is R12.87 billion. Styldrift is expected
to achieve steady state production of 230ktpm in the third 7451
quarter of 2020.
5526
The company has the benefit of entrenched broad-based black
economic empowerment (“BEE”) ownership by the Royal 3601
Bafokeng Nation (through its wholly-owned investment
1676
vehicle Royal Bafokeng Holdings (Pty) Ltd. (“RBH”). 2015 | 2016 | 2017 | 2018 | 2019 |
SECTOR: Basic Materials—Basic Resrcs—Mining—Plat&Prcs Metals Recent Announcements
CONTROLLED BY: Royal Bafokeng Platinum Holdings (Pty) Ltd Thursday, 26 March 2020: Security holders are referred to the
MAJOR ORDINARY SHAREHOLDERS as at 28 Feb 2020 Company’s announcement of 6 March 2020 in which it was
Royal Bafokeng Platinum Holdings (Pty) Ltd. 40.21%
Allan Gray (Pty) Ltd. 20.86% confirmed that the annual general meeting (“AGM”) is
Kagiso Asset Management (Pty) Ltd. 7.27% scheduled to be held on Tuesday, 7 April 2020 at 10:00. Due to
FINANCIAL STATISTICS the impact of the COVID-19 restrictions and more specifically
(R million) Dec 19 Dec 18 Dec 17 Dec 16 Dec 15 thenationallockdown,theCompanywishes toadvisesharehold-
Final Final(rst) Final Final Final ers that as a result thereof the AGM will be postponed and will
Turnover 7 492 3 627 3 499 3 342 3 045 not be held on 7 April 2020.
Op Inc 681 310 312 241 - 40
NetIntPd(Rcvd) 430 - 74 - 85 - 84 - 81 The Company will accordingly announce a new date for the
Tax 60 61 84 - 8 - 753 AGM in due course. A new distribution timetable with all the
Minority Int - 100 96 94 - 722 salient dates (as previously announced with the release of the
Att Inc 64 156 - 753 168 - 3 045 2019 Integrated Report and Annual Financial Statements) will
TotCompIncLoss 64 256 - 657 263 - 3 767 be issued at the time of announcing the new date and arrange-
Hline Erngs-CO 123 50 109 167 - 160 ments for the AGM. The postponement will allow the Company
Fixed Ass 20 870 20 309 17 599 16 317 15 896 to hold the AGM in the customary manner, but changes to the
Inv & Loans 290 267 200 182 146 usual arrangements may be made, including the location, venue
Def Tax Asset 58 70 47 39 35 and time of the meeting.
Tot Curr Ass 4 790 4 027 3 697 2 704 2 611
Ord SH Int 16 187 15 158 10 670 11 156 10 920 In accordance with the provisions of the Companies Act, 71 of
Minority Int - - 3 754 3 658 3 564 2008andincompliancewith the JSEListingsRequirements, the
LT Liab 9 025 9 596 5 838 4 165 4 126 CompanymustconvenetheAGMbynolaterthan,16July2020.
Tot Curr Liab 1 740 756 1 884 1 339 1 149
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